ANNOUNCEMENT 14 Feb 2014

In February 2014, the government of China announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Letter from Ministry of Finance (in English)
http://en.pkulaw.cn/display.aspx?cgid=226003&lib=law

Letter from Ministry of Finance (in Chinese)
http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201402/t20140224_1046360.html


Inception date: 14 Feb 2014 | Removal date: open ended
Still in force

Import tariff

 On 14 February 2014, the Chinese Ministry of Finance announced it would exempt three Chinese oil companies from the import tax on liquified natural gas. The three entities involved are China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation.
The exemption is retroactively in force since 1 January 2014.

AFFECTED SECTORS